Updated 4/26/20: With the new Paycheck Protection Program and Health care Enhancement Act, there are new tools for small and medium businesses, including American workers affected by COVID-19. Many of the programs are new or have are existing programs recently added to the website with the New designation. If you are outside the Washington, DC Metro Area, check with your local government, nonprofit, and Chambers to identify similary types of programs available in your region. See below.
In light of the sheltering at home due to COVID-19, I’ve included some links for state and federal loans and grants. New to teleworking, contact me if you have questions.
I’ve spent half of my career teleworking both nationally and internationally. If you’re new to teleworking and struggling with the transition or would like to brainstorm business ideas for navigating this COVID-19 inflection point, schedule a complimentary strategy session, and let’s talk.
If you’re looking for resources to help you get through this turbulent time, check out the information, funding, and grants available in the Washington, DC Metro Area for businesses and nonprofits. Also, please forward to a friend if you know someone who could benefit from these resources, and stay safe!
The Community Business Partnership
A nonprofit educational and support service for small businesses in Fairfax County with a mission of helping small businesses start and grow. They’re providing information and counseling for local businesses as we navigate our way through COVID-19. Check them out reference information and advice for resources your small business can leverage.
New: SBA Resumes Accepting Loans, Monday, April 27, 2020, at 10:30 a.m. EDT. Check the website for more information.
Virginia Chamber of Commerce
Another resource for information, grants, and funding for Virginia businesses and nonprofits.
New: Virginia 30 Day Fund provides forgivable loans for Virginia-based small businesses to provide immediate financial assistance to meet payroll, preserve healthcare coverage for employees and save jobs while they wait recently approved federal funding. Check their website for more information and to apply.
New: Arlington County Small Business Emergency GRANT (Giving Resiliency Assets Near Term) Program provides immediate financial assistance to Arlington’s small businesses impacted by COVID-19 pandemic. This program bridges the gap to provide near-term relief for businesses while experiencing delays or limitations with Federal relief initiatives. The program provides up to $10,000 to businesses and non-profits with less than 50 employees. For more information and to apply, check the website.
New: Fairfax County Small Business Microloan Program will be administered by CBP and will be coming soon. Small business owners with less than 50 employees can start to submit loans on April 28, 2020. Whether you are a new client or have never been a client, you can get set-up as a client.
New: COVID-19 Business Interruption Fund is a program the Loudoun County Board of Supervisors approved. With more than $1M in grant funding for Loudoun businesses, the fund opens for applications at 12 noon on April 29, 2020, and remains open for 72 hours, closing at noon on May 2, 2020. In this program, there are two types of funding: the General Business Fund and the Agriculture-Based Business Fund. For more information, check their website.
New: City of Alexandria has Child Care and Development Block Grant Funding provided by the Commonwealth of Virginia to help child care providers providing services for essential workers during the pandemic. The program’s funding runs through the month of June. For more information check the website and your city or county government for more information.
DC Small Business Recovery Microgrants
These are grants for small, businesses, independent contractors, self-employed individuals, and nonprofits to meet their short-term financial needs, including employee wages and benefits
Washington, DC Chamber of Commerce
Another resource for information, grants, and funding for Washington, DC businesses and nonprofits.
Maryland Small Business COVID-19 Emergency Relief Grant Fund
Targeted to support nonprofits and small businesses, this fund covers operating expenses for 3 months. Check with them directly to learn more about the application requirements.
Maryland Chamber of Commerce
Another source of information, grants, and funding in Maryland for businesses and nonprofits.
Additional Maryland COVID-19 Resources
This list includes financial, emergency, safety, and labor resources in Maryland.
New: Beacon One-Stop, a Maryland Unemployment Insurance program, started April 24, 2020. The online program allows Maryland residents to file for all types of claims online. For more information, check the website.
The organizations listed in this article are providing grants to nonprofits and small businesses. Check directly with these organizations to see if your organization meets its grant requirements.
New: U.S. Chamber of Commerce’s Save Small Business Fund program is targeted to help small employers during the COVID-19 outbreak. This is a short-term relief program for small employers in the U.S. and its territories. Funded by corporate and philanthropic partners, it will provide $5,000 grants to as many employers as they can. Check the website to learn more about the program and how to apply.
- Kiva.org – Supports small businesses through microloans
- Accion – Small Business Financing
- GrantSpace by Candid (resources available for nonprofits that need urgent financial help)
- Facebook.com Small Business Grants
- Google Ad Grants (for nonprofits)
The Federal Reserve Main Street Loan Facilities program is for midmarket businesses that need at least $1M in financing to stay afloat. The Main Street Loan Facility is for loans between $1.0M to $25M. The Main Street Expanded Loan Facility is for loans up to $150M. Both are Federal Reserve Bank programs. For more information contact Guillermo Birmingham of B2B CFO, your accountant, or check out the Federal Reserve Bank website.
CDC resources for families, childcare healthcare professionals, employers, and employees.